Money Management Vocab

Front

Money from work, investments, or support

Back

Income

Front

money owed

Back

debt

Front

A loan of money

Back

Credit

Front

A sum of money given for a set time that must be repaid.

Back

loan

Front

Percentage of a borrowed sum paid in addition to the loan repayment.

Back

interest

Front

Money on-hand that can be freely spent

Back

Liquid

Front

Lowest legal wage in the U.S. ($7.25/hr)

Back

minimum wage

Front

Financial obligations like bills

Back

Expenses

Front

Money earned as a percentage of a sale or service

Back

Commission

Front

House payment

Back

Mortgage